LAGOS COURT JAILS NOGASA CHAIR, FATUYI PHILLIPS 21 YEARS FOR N43. 5M FRAUD. (PHOTO). #PRESS RELEASE
Lagos Court Jails NOGASA Chair, Fatuyi Phillips 21 Years for N43.5m Fraud Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Monday, November 18, 2024, convicted and sentenced Fatuyi Yemi Philips, Chairman, Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, to 21 years imprisonment for N43.5m fraud. The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on April 5, 2022, arraigned Philips alongside his firm, Oceanview Oil and Gas Limited, on a two-count charge bordering on obtaining money by false pretence to the tune of N43, 502,000.00 Count one reads: "Fatuyi Yemi Philips and Oceanview Oil and Gas Nigeria Limited, on or about the 28th day of September, 2016 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, obtained the aggregate sum of N43, 502,000.00 from Elochukwu Okoye and Elebana Unique Ventures Nigeria Limited on behalf of WAPCIL Nigeria Limited under the false rep
The Federal Government has described as false the information being circulated on the Social Media to the effect that under a purported Ministry of Interior Regulation,all phone calls and Social Media posts made by the citizens are to be monitored and recorded.In a statement issued in Abuja yesterday Monday,the Minister of Information and Culture,Alhaji Lai Mohammed,described the development as another example of disinformation that has permeated the media space,especially the Social Media.The Minister said the intention of those behind the false news is to give the impression that the Federal Government is working to stifle freedom of speech,which is not the case.''There is no regulation,old or new,from the Ministry of Interior or any federal government agency requiring the recording of all calls or the monitoring of Social Media platforms like WhatsApp,Twitter or Facebook.We are therefore using this medium to inform all Nigerians that what is being circulated in this regard is totally false and should be disregarded.We thank all Nigerians who have reached out to us in an effort to confirm the authenticity or otherwise of this informaion,which is now being widely circulated on the Social Media.This is the best way to ensure that the purveyors of false news do not dominate our media space,'' he said.
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